Today in B2B payments, PSCU’s CFO discusses the value of step-by-step modernization, and Penta launches a new small business onboarding initiative. Plus, Vizient acquires Intalere, WEX completes the takeover of some HealthcareBank assets and TripActions explores the unexpected evolution of corporate travel and expense management.
Vizient has completed the purchase of Intalere from its parent company Intermountain Healthcare, which gives Vizient more power in the healthcare supply chain, according to a press release. It will also help Vizient reach more people. Vizient’s customer base includes academic medical centers, health systems, community hospitals, rural hospitals and ambulatory care providers, the release stated. The acquisition of Intalere will give providers a more robust set of data, analytics and supply chain resources, which will help with driving efficiency and quality, along with cost performance.
Many of the biggest changes in employee spending habits — and the way companies control them — won’t come as much of a surprise. Rather than spending funds on flights and hotels, professionals are instead using employer cash to finance what they need in a remote work environment. But there are some unexpected trends that businesses and their T&E solution providers have uncovered in recent months. According to TripActions Liquid General Manager Michael Sindicich, there are likely to be permanent shifts to expense management strategies that are, in some ways, the opposite of legacy patterns.
WEX Inc. has completed its previously announced acquisition of some health savings account (HSA) assets from HealthcareBank, which is the custodian bank for Wex’s Health Division clients, WEX recently announced. WEX stated in announcing the completion of the deal that it is expected to be accretive to adjusted net income in fiscal year 2021. Portland, Maine-based WEX provided more information about the deal in February when it announced the transaction.
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